Singapore PM names new finance minister in cabinet reshuffle - local media

Singapore Prime Minister Lee Hsien Loong picked a new finance minister on Friday as part of a planned cabinet reshuffle, local media reported.

The finance ministry will be headed by Lawrence Wong, who is currently education minister. Wong is among a crop of younger political figures who have been touted by analysts as potential successors to Lee.

Wong will replace Heng Swee Keat as finance minister.